Betex is a new generation platform that successfully leads to blockchain as a base, so any transaction that occurs will be more secure and will also have a good level of transparency, this will make our users feel more comfortable.
BETEX designed a very new business model to change the mindset of users from worrying about platform provider integrity to focusing on its own capacity to generate profits. Betex is the only platform, where as many as 95% of the funds are distributed among merchants, which works.
In addition, Betex forms a large liquidity pool for each base asset to maximize user benefits. Supported by the Ethereum smart contract, Betex brings undeniable transparency, fair behavior and auditable results to Binary Options trading.
Mission
Betex is a mission to provide clear transparency to all financial markets and that can definitively eliminate the problem of trust.
First, we strive to rediscover binary options by inculcating the wrong business logic into everyone’s value system.
Betex model: solutions and benefits
- The results of the bets are not different for us (as platform providers) or intermediaries, because none of us can actively participate in the betting process. We charge a service fee, while merchants place bets between them (peer-to-peer).
- No deposit is required and instant automatic withdrawal of funds is guaranteed. This is especially possible due to the use of smart contracts.
- Traders who accurately determine future changes are rewarded with 95% of the funds. In terms of success, traders’ profits depend to a large extent on the proportion of correct and incorrect results;
- Neither the platform nor the intermediary can always demonstrate the authenticity and accuracy of the results. In the worst case, if an error is made, it will be accepted or justified. Therefore, it is not necessary to trust each other to ensure that the provisions are fair.
- Trading is done with an ERC-20 token of a stable value. These are stored and presented in the blockchain of Ethereum, which allows to audit the operations of the platform in real time or later. Open access to data prevents intermediaries from changing results;
- 50% of the benefits of the platform generated by commissions is distributed among the holders of BETEX tokens.40% goes to the corridor.
- The compound level, used in all calculations, comes from multiple sources opened by an established algorithm, taking into account the value of each source determined by the trading volume. Use multiple sources to catch the possible manipulation with the level of underlying asset, since they must be done in several places simultaneously.Working from a combined level is a completely open and transparent process: it is being recorded and presented for public access in real time.
start: 01.03.18 at 12:00 GMT
Final ICO: 31.03.18 or earlier if 3,000,000 BETEX tokens will be sold
ICO token price: $ 3.00
Maximum number of tokens for sale: 3,000,000 from 10 000 000 ( 30%)
Hard stamp: $ 9,000
Total minimum investment: 0.5 ETH or 0.05 BTC
Prizes started on February 16, and lasts until the end of ICO (tentative date is 31.03). All reward and payment calculations will be made within 14 days after the end of the ICO.
There are two token which are associated with the platform of Betex namely 'BETEX' and 'STB'. STB is a token which has a stable value of $1. The token BETEX is considered as the main token of the platform. The main ICO sale will start from 1st March 2018. The ICO hard cap is $9,000,000. The price of 1 BETEX is $3.
Conclusion
In the past few years, the loss which is faced by the market of binary options is needed to be compensated. Thus the platform of Betex has a great potential to uplift the market associated with the binary options with an immense variety of solutions and benefits offered to the platform's participant. Thus the platform Betex is one of the most eligible and innovative platform which could be offered to the people who are dealing with the binary options.
ROADMAP
Current state
the BETEX project has been developed for over a year so far. During this time, the project has tackled away from idea to MVP.
Before the results are achieved, there are many iterations, each to enhance the platform features. This process continues even now.
Currently, a website with a project description ( https://Betexlab.com ) is active. Two samples of the MVP platform in the net test were launched and can be found at https://Betex.io and https://GoBet.io Two copies of the platform are required to demonstrate the concept of a common liquidity pool.
In MVP, web interface design, smart contracting, and platform architecture are developed. The hardware infrastructure is based on Amazon Web Services. Three pairs of trade (BTC / USD, ETH / USD, BTC / ETH) and 6 time intervals, lasting from half an hour to a week, are launched.
Future development
Betex development strategy is aimed at the development of an active platform, continuous improvement of its features, introduction of new services, ecosystem development, and the appeal of new users.
Currently we estimate the key stages of project development to the following:
2017 Q4
- Launch and testing of the P2P binary platform platform (MVP) on net test;
- Pre-sale of BETEX tokens in accordance with SAFT or similar agreements;
- Smart platform contract audit;
- Web interface design from sections for p2p sports betting;
- Address any special regulatory / licensing requirements that may apply in the relevant jurisdiction;
- Commercial launch of Betex, p2p binary platform platform;
- Development of available trade partner lists;
- Launch and test the MVP section for P2P sports betting on the net test;
- Mobile app development and testing for Android / iOS;
- Development and testing of desktop client applications;
- Development of sections with statistics;
- Development of a private cabinet for holders of BETEX tokens;
- Commercial launch of parts for p2p sports betting;
- First broker connection to the platform;
- API development for trading boats;
- Launch of mobile app for Android / iOS;
- Run the desktop client application;
- Generation of BETEX tokens;
- Distribution of BETEX tokens among pre-sale participants;
- Distribution of profit accumulated among BETEX token owners;
- Commercial launch of parts for p2p sports betting;
- Compliance with regulatory / licensing terms that may apply in related jurisdictions to the main stage of BETEX token sales;
- The main stage of BETEX token sales;
- FIX API development and development;
- Development of parts for p2p bets on irregular occurrences;
For more information:
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wallet Address : 0x4D301c9357A384C1aF2F4ef3418C97F16d9043d8
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